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How many popcycles will be sold each dayin the short run
Course:- Macroeconomics
Reference No.:- EM13339633





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Currently, at a price of $1 each, 100 popcycles are sold per day in the perpetually hot town of Rostin. Consider the elastictiy of supply. In the short run, a price increase from $1 to $2 is unit-elastic (Es==1.0). How many popcycles will be sold each dayin the short run ifthe price rises $2 each?




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